India’s inflation has accelerated which has raised the cause for concern that the central bank may increase interest rates as government bonds fell.
Wholesale food prices have surged by 7.41 percent from last year and it is the rise in commodities and food costs that has forced the Asian governments to find ways to freeze the price hikes.
The Indian government is having to scrap import tax on oils and maize as well as banning all exports of rice and pulses due to the increase in food prices.

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